Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Frank_ud ea download for mt4
The profitable one will be closed by TakeProfit, and the losing one will be strengthened (by adding lots) at a certain interval. If the trend continues to go in the same direction, strengthen it again. The trend will turn earlier or later.
its automatic trading system..
backtest report
Frank_ud.mq4 6.91 kb, 58 downloads since 2015-01-15
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
This Forex EA is a simple trend following EA. It uses a combination of two factors to enter trades:
- The number of open buy and sell orders: The EA will only enter a trade if there are fewer than 11 open orders of the opposite type. This helps to prevent the EA from overtrading.
- The price of the currency pair relative to the stop loss and take profit levels: The EA will only enter a buy trade if the Ask price is above the stop loss level and the take profit level. It will only enter a sell trade if the Bid price is below the stop loss level and the take profit level.
The EA also has a number of safety features to prevent it from losing too much money:
- It will only close a trade if it is profitable or if the stop loss level has been reached.
- It will not open a new trade if the AccountFreeMargin() is less than 50% of the AccountBalance().
- It will retry opening a trade up to 3 times if the initial attempt fails.
Overall, this is a simple but effective Forex EA. It is easy to understand and customize, and it has a number of safety features to prevent it from losing too much money.
Here is a more detailed breakdown of the EA code:
- The first few lines of the code contain the copyright information and the declaration of the global variables tp and sh. These variables control the take profit and stop loss levels, respectively.
- The next section of the code contains two functions: kol_buy() and kol_sell(). These functions simply count the number of open buy and sell orders, respectively.
- The start() function is the main entry point for the EA. It is called every time a new bar is formed on the chart.
- The first few lines of the start() function check if the EA is allowed to trade. If it is not, the function returns immediately.
- Next, the function checks if there are any open orders that need to be closed. If there are, the function closes them.
- The function then checks if there is an opportunity to open a new trade. If there is, the function opens a trade in the direction of the trend.
- The final part of the start() function simply updates the last variable, which is used to track the last time the EA took an action.
Here is a summary of the EA's trading strategy:
- The EA buys if the price is above the stop loss level and the take profit level, and there are fewer than 11 open sell orders.
- The EA sells if the price is below the stop loss level and the take profit level, and there are fewer than 11 open buy orders.
- The EA closes a trade if it is profitable or if the stop loss level has been reached.
- The EA will not open a new trade if the AccountFreeMargin() is less than 50% of the AccountBalance().
- The EA will retry opening a trade up to 3 times if the initial attempt fails.
Frank_ud.mq4 6.91 kb, 9 downloads since 2023-11-05
TesterGraph_1.gif 8.69 kb, 15 downloads since 2023-11-05
TesterGraph_1.gif 8.69 kb, 15 downloads since 2023-11-05
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.